Regarding the M criteria of the fact-based investment system, further improvement from the broader market would be a reassuring sign. The major averages have endured distributional pressure for the most part since 1/08/15 when a +1.8% gain from the Nasdaq Composite Index with higher volume was noted as a follow-through day.  New buying efforts should only be made in stocks meeting all fundamental and technical guidelines.

PICTURED: The Nasdaq Composite Index posted a gain but remains trading below its 50-day moving average (DMA) line. That short-term average may act as resistance. Subsequent gains above the 50 DMA line would be a reassuring sign for the latest rally.

The major averages erased earlier losses as investors focused on earnings instead of a decline in oil prices. At the close, five of the 10 sectors in the S&P 500 were in positive territory with tech up the most. Ahead of their earnings announcement, Netflix (NFLX +3.4%) rose. Apple (AAPL +2.58%) also posted a solid gain. Lower crude prices and a positive earnings report helped propel Delta (DAL +7.26%) higher. However, Morgan Stanley (MS -0.4%) ended with a small loss after fixed-income trading caused revenue to miss estimates. Additionally, Johnson & Johnson (JNJ -2.64%) fell after quarterly results disappointed investors. FXCM Inc (FXCM -87.3%) was a notable loser as it declined after unpegging the Franc caused massive losses to the firm.

The Featured Stocks Page shows recent notes and Headline Links directing members to detailed analysis with data-packed graphs annotated by a Certified expert.  See the Premium Member Homepage for archives to all prior pay reports published.

The Semiconductor Index ($SOX +1.01%) and Biotechnology Index ($BTK +1.66%) led the tech sector higher while the Networking Index ($NWX -0.05%) finished flat. The Gold & Silver Index ($XAU +3.21%) was a standout gainer. The Bank Index ($BKX -0.76%) and the Retail Index ($RLX -0.46%) both ended modestly lower on Tuesday. Energy-related shared had a slightly negative bias as the Oil Services Index ($OSX -0.25%) and Integrated Oil Index ($XOI -0.07%) edged lower.

Charts courtesy www.stockcharts.com

PICTURED: The Broker/Dealer Index ($XBD -3.56%) suffered a damaging loss as it gapped down and tested its 200-day moving average (DMA) line. It found support near that important long-term average after briefly undercutting it in October.

Illumina Inc (ILMN +$12.91 or +7.02% to $196.73) rebounded above its 50-day moving average (DMA) line with today's big gain backed by twice average volume, action indicative of meaningful institutional buying demand. That helped its technical stance improve and its color code was changed to yellow. This Medical - Research Equipment/Services firm was last shown in this FSU section on 12/30/14 with annotated graphs under the headline, "Forming New Base And Fundamentals Remain Favorable".

ILMN made limited headway since highlighted in the 10/22/14 mid-day report (read here). It stalled after rallying from the previously noted "double bottom" base.  However, little resistance remains due to overhead supply after the impressive rebound today.

Disciplined investors avoid chasing stocks more than +5% above their prior highs and always limit losses by selling any stock that falls more than -7% from their purchase price. Any stock which is sold can always be bought back later if strength returns.  

ILMN reported earnings +71% on +35% sales revenues for the Sep '14 quarter, its 2nd consecutive quarterly comparison with earnings above the +25% minimum guideline (C criteria). Sequential quarterly comparisons show encouraging sales revenues and earnings acceleration. Its current Relative Strength (RS) rank of 89 is well above the 80+ minimum guideline for buy candidates. Its annual earnings (A criteria) growth history has improved steadily since a downturn in FY '09. The number of top-rated funds owning its shares rose from 877 in Dec '13 to 1,071 in Dec '14, a reassuring sign concerning the I criteria.

Color Codes Explained :
Y - Better candidates highlighted by our staff of experts.
G - Previously featured in past reports as yellow but may no longer be buyable under the guidelines.

***Last / Change / Volume data in this table is the closing quote data***

Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (% 50 day avg vol)	52 Wk Hi % From Hi	Featured Date	Price Featured	Pivot Featured
								Max Buy
ACT - NYSE Actavis plc Medical-Generic Drugs	$269.01	+0.35 0.13%	$270.16	2,423,302 76.06% of 50 DAV 50 DAV is 3,186,000	$276.18 -2.60%	12/29/2014	$260.22	PP = $272.85
								MB = $286.49
Most Recent Note - 1/20/2015 7:12:26 PM Y - Consolidating above support at its 50 DMA line and perched within close striking distance of its 52-week high. Subsequent volume-driven gains above the pivot point may trigger a technical buy signal. >>> FEATURED STOCK ARTICLE : Perched Near High Again With No Resistance - 1/16/2015 View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M
AMBA - NASDAQ Ambarella Inc ELECTRONICS - Semiconductor - Specialized	$59.22	+2.76 4.89%	$59.99	1,789,510 84.89% of 50 DAV 50 DAV is 2,108,000	$63.20 -6.30%	1/7/2015	$54.96	PP = $58.10
								MB = $61.01
Most Recent Note - 1/20/2015 7:00:36 PM Y - Posted 2 consecutive gains on below average volume yet found support above its 50 DMA line after volume-driven losses last week completely negated the recent technical breakout. More damaging losses would raise serious concerns. >>> FEATURED STOCK ARTICLE : Strong Finish Triggered a Technical Buy Signal - 1/7/2015 View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M
EPAM - NYSE Epam Systems Inc COMPUTER SOFTWARE and SERVICES - Information Technology Service	$46.53	-0.92 -1.94%	$47.98	251,083 64.55% of 50 DAV 50 DAV is 389,000	$52.89 -12.02%	10/23/2014	$45.21	PP = $46.09
								MB = $48.39
Most Recent Note - 1/20/2015 7:03:13 PM G - Recent gains have lacked volume conviction and a rebound above its 50 DMA line ($48.56) is still needed for its outlook to improve. >>> FEATURED STOCK ARTICLE : Halted Slide at 50-Day Moving Average - 12/31/2014 View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M
FB - NASDAQ Facebook Inc Cl A INTERNET	$76.24	+1.06 1.41%	$76.31	22,769,429 92.67% of 50 DAV 50 DAV is 24,571,000	$82.17 -7.22%	12/22/2014	$81.79	PP = $81.26
								MB = $85.32
Most Recent Note - 1/20/2015 7:05:31 PM G - Rebounded near its 50 DMA line ($76.53) with today's 2nd consecutive gain on near average volume. Relative Strength rating has slumped to 78, below the 80+ minimum guideline for buy candidates. Needs a rebound above the 50 DMA line for its outlook to improve, and it also faces resistance due to overhead supply up through the $82 level. Subsequent volume-driven gains above the pivot point are needed to clinch a proper new (or add-on) technical buy signal. >>> FEATURED STOCK ARTICLE : Consolidating Near 50-Day Average After Stalling at 52-Week High - 1/12/2015 View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M
ILMN - NASDAQ Illumina Inc DRUGS - Biotechnology	$196.73	+12.91 7.02%	$196.99	2,365,323 209.88% of 50 DAV 50 DAV is 1,127,000	$199.48 -1.38%	12/30/2014	$186.26	PP = $196.00
								MB = $205.80
Most Recent Note - 1/20/2015 6:27:57 PM Y - Rebounded above its 50 DMA line with today's considerable gain backed by 2 times average volume. Technical stance improved and its color code was changed to yellow. See the latest FSU analysis for more details and new annotated graphs. >>> FEATURED STOCK ARTICLE : Rebound Above 50-Day Moving Average Helped Technical Stance - 1/20/2015 View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M
Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (% 50 day avg vol)	52 Wk Hi % From Hi	Featured Date	Price Featured	Pivot Featured
								Max Buy
NXPI - NASDAQ Nxp Semiconductors N V ELECTRONICS - Semiconductor - Broad Line	$78.78	+0.87 1.12%	$79.34	3,084,558 101.67% of 50 DAV 50 DAV is 3,034,000	$82.76 -4.81%	1/5/2015	$76.43	PP = $78.44
								MB = $82.36
Most Recent Note - 1/20/2015 7:08:38 PM Y - Found support at its 50 DMA line when pulling back following a "negative reversal" last week at its 52-week high. More damaging losses would raise concerns. >>> FEATURED STOCK ARTICLE : Little Resistance Remains Due to Overhead Supply - 1/5/2015 View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M
PANW - NYSE Palo Alto Networks Computer Sftwr-Security	$124.46	-0.55 -0.44%	$125.97	776,413 55.66% of 50 DAV 50 DAV is 1,395,000	$129.42 -3.84%	7/30/2014	$84.21	PP = $85.88
								MB = $90.17
Most Recent Note - 1/20/2015 6:57:23 PM G - Perched near its all-time high, still stubbornly holding its ground with volume totals cooling. It still has not formed any sound base. The 50 DMA line ($118.66) and recent low ($117.60 on 1/02/15) define important near-term support to watch where violations may trigger technical sell signals. >>> FEATURED STOCK ARTICLE : Tech Firm Still Extended From Any Sound Base Pattern - 1/8/2015 View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M
RH - NYSE Restoration Hardware Hld RETAIL - Home Furnishing Stores	$90.52	-0.28 -0.31%	$92.40	464,919 50.43% of 50 DAV 50 DAV is 922,000	$100.66 -10.07%	12/11/2014	$98.66	PP = $94.60
								MB = $99.33
Most Recent Note - 1/20/2015 7:11:14 PM Y - Recent losses negated the prior breakout yet it has been holding its ground at its 50 DMA line ($89.13) defining support. A subsequent violation would raise greater concerns and trigger a technical sell signal. >>> FEATURED STOCK ARTICLE : Fell Near 50-Day Moving Average After Negating Prior Breakout - 1/15/2015 View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M
UIHC - NASDAQ United Insurance Holding Insurance-Prop/Cas/Titl	$23.31	+0.44 1.92%	$23.38	329,903 157.85% of 50 DAV 50 DAV is 209,000	$23.33 -0.09%	12/5/2014	$20.64	PP = $20.31
								MB = $21.33
Most Recent Note - 1/20/2015 6:51:10 PM G - Extended from any sound base, it finished near the session high and hit a new 52-week high with +59% above average volume behind today's 5th consecutive gain. Its 50 DMA line defines near-term support to watch. >>> FEATURED STOCK ARTICLE : Consolidation Following "Negative Reversal" Not Considered a Sound Base - 1/13/2015 View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M
VRX - NYSE Valeant Pharmaceuticals DRUGS - Drug Manufacturers - Other	$156.05	-0.88 -0.56%	$158.29	1,959,591 88.31% of 50 DAV 50 DAV is 2,219,000	$159.70 -2.29%	1/5/2015	$144.84	PP = $149.90
								MB = $157.40
Most Recent Note - 1/20/2015 6:53:16 PM Y - Color code is changed to yellow while quietly consolidating just below its "max buy" level. Prior highs in the $149 area define initial support to watch on pullbacks. >>> FEATURED STOCK ARTICLE : Formed a Big Cup-With-Handle Base Setup - 1/6/2015 View all notes | Set NEW NOTE alert | CANSLIM.net Company Profile | SEC News | Chart | Request a new note C A N S L I M
Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (% 50 day avg vol)	52 Wk Hi % From Hi	Featured Date	Price Featured	Pivot Featured
								Max Buy